As per attached corporate announcement
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HRS Aluglaze Ltd has started constructing a new industrial manufacturing facility on Bavla–Sanand Road, Rajoda, Ahmedabad, Gujarat, to expand capacity in its aluminium architectural systems, façade, and glazing business. The project is estimated at approximately ₹16 crore (excluding taxes) and will be executed on a turnkey basis by Chavda Infra Limited over roughly 15 months. The company says the facility will help it take on larger and more complex projects, improve cost efficiency and turnaround times, and support long-term revenue growth. Funding will come from a mix of internal accruals and project-linked funding, and management does not expect any material adverse impact on the company's financial position.
This is a growth-oriented capacity expansion that could support higher revenues once the facility is operational in about 15 months. Near-term, it represents a meaningful capital outlay, so shareholders should watch for execution progress, cost overruns, and any increase in debt funding.